Analyst Susan Katzke, who cut her fixed income revenue forecast for all the three brokerages, however, maintained her “outperform” rating on the stocks.

Katzke slashed her fixed income revenue view on Goldman Sachs, the world’s largest securities firm, by 40 percent to $2.1 billion. She also cut her fixed income revenue view for Morgan Stanley by a third to $1 billion, while cutting Lehman’s by 38 percent to $800 million.

Goldman Sachs shares were trading down more than 1 percent at $183.34 in morning trade on the New York Stock Exchange. Shares of Lehman were down more than 1 percent at $57.33, while Morgan Stanley stock was trading up over 1 percent at $43.03.

Following are the estimate changes made by Credit Suisse: Company Q1 EPS estimate FY08 EPS estimate